DOJ Probes George Santos For Alleged Insider Trading On Kalshi
The Justice Department is investigating former Rep. George Santos for alleged insider trading tied to bets he placed on the prediction market Kalshi.[1]
The Commodity Futures Trading Commission is also probing Santos' activity, and Kalshi froze his account before referring the matter to federal regulators.[1] Santos allegedly placed a wager that he would not attend the February 2026 State of the Union after publicly indicating he would, then profited when market odds shifted.[1] The reported profit from those trades was in the tens of thousands of dollars.[1]
Santos' trading drew scrutiny after Kalshi's prices moved in a way that suggested his position would pay off, prompting the platform to flag and freeze the account and to alert federal authorities.[1]
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📌 Key Facts
- NPR reports on June 2, 2026, that DOJ and the Commodity Futures Trading Commission are investigating George Santos’ activity on Kalshi.
- Santos allegedly bet that he would not attend the February 2026 State of the Union after publicly indicating he would, then profited when market odds shifted.
- Kalshi froze Santos’ account and referred the case to federal regulators, and the reported profit is in the tens of thousands of dollars.
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